Barclays upgraded Lennox (LII) to Overweight from Equal Weight with a price target of $702, up from $665. The firm thinks consensus estimates remain too negative and the company’s margin guidance for 2025 “looks quite conservative.” Lennox remains one of the least popular names among shorter-term investors as pre-buy concerns are overdone, the analyst tells investors in a research note. Barclays sees a strong growth outlook ahead for the company.
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